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Lawrence County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Lawrence County, Arkansas based on real HMDA transaction records.

Loan Details

Lawrence County, AR Benchmarks

FHA averages
Typical Property Value$159,857
Average Down Payment7.6%
Average Interest Rate6.432%
Effective Tax Rate0.32%
Median Tax Paid$461/yr
Tax Growth (Historical)+0.5%
Based on 70 regional loans totaling $10,050,000 (HMDA database).
$
%

$12,149 down · $147,708 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$43 / month

$

Annual premium

$

Per month

%

$63 / month

Estimated Monthly Payment

$1,198/mo

  • Principal & Interest$943
  • Property Tax$43
  • Home Insurance$150
  • FHA MIP$63
Amortization · Remaining Balance

Financed Loan Amount

$150,293

Total Interest

$189,203

Total of Payments

$339,496

*Includes financed FHA Upfront MIP of $2,585

Local Market Insights

Lawrence County FHA Mortgage Overview

For Lawrence County homebuyers, the 7.58% average down payment for FHA loans provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life regardless of equity. With a 92.42% Loan-to-Value ratio, this data reflects standard owner-occupied purchases, not investments. The 0.32% property tax rate is low, yet the recent 0.5% inflation-adjusted tax shift will modestly increase monthly costs. When evaluating an FHA loan with PMI and taxes in Lawrence County, AR, the average property value of $159,857.14 and 6.432% interest rate mean true affordability hinges on factoring in permanent MIP alongside these modest tax impacts.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.